Sat.Nov 23, 2019 - Fri.Nov 29, 2019

Gloria brings international soccer scouting into the 21st century

TechCrunch LA

Lionel Messi, who’s still arguably the greatest soccer player in the world , signed his first contract with FC Barcelona when he was thirteen years old.

La Jolla Pharma’s Share Price Halves On Trial End, CEO Departure

Xconomy

La Jolla Pharmaceutical is turning its focus to its lone FDA-approved product and another one in the pipeline after an experimental drug for a rare blood disease failed a late-stage study.

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Fisker Plans Subscriptions For New Ocean SUV

socalTECH

Los Angeles-based Fisker has started taking reservations for its newly announced Ocean SUV, saying that $250--taken online, or through either an iOS or Android app--will reserve a vehicle for interested customers. The company intends to make its first vehicles available only through a subscription plan, starting at $379/month. According to Fisker, the $379/month "FLEXEE" payment is due after subscriptions for its vehicles commence in 2022.

Fintech Startup Altruist Raises $8.5 Million

L.A. Business Journal

Venice-based startup Altruist Corp. raised an $8.5 million Series A round

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Daily Crunch: Twitter will delete dormant accounts

TechCrunch LA

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. Twitter will free up handles by deleting inactive accounts.

Why recurring revenues increase your company’s value

Berkonomics

The massive shift in revenue models in recent years. Have you noticed how many web apps and content have turned into subscription services during the last several years? Call it the Netflix effect.

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Solar Startup Heliogen Looks to Power Plants, Refineries

L.A. Business Journal

For decades, solar technology experts have sought to generate electricity. But Pasadena-based Heliogen has a new technology that swaps fossil fuels for solar energy in industrial applications

Video Interview: Dr. Paul Witman, California Luthern University

socalTECH

Our video interview today is with Dr. Paul Witman , Director of the MS-Information Technology Program at California Lutheran University (www.clu.edu), which recently added a new cybersecurity certificate to its program. READ MORE>>.

Five Questions With a16z’s Vijay Pande on AI and Making New Drugs

Xconomy

In startup world these days, the word “biotech” is increasingly accompanied by “computational” and two, two-letter initialisms: AI and ML.

7 Tips For Building Millennials Into Next-Gen Leaders

Startup Professionals Musings

Millennials have come a long way in business since I started writing about them nearly ten years ago. They started out as that spoiled generation of kids, born between about 1982 and 2004, who had everything, and could care less about business.

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EVGo Expands Leaf Partnership with Nissan

L.A. Business Journal

Sawtelle-based EVgo Services has expanded its existing relationship with Japanese automaker Nissan Motor Co. offering free charges to Nissan drivers at any of its charging locations

CrowdStrike Gets Tops Ratings In Gartner Report

socalTECH

CrowdStrike , the developer of cloud-based, endpoint protection software which was started and continues to have major operations in Irvine, has scored a top rating in a report from industry analyst Gartner. According to CrowdStrike, it received the highest overall rating among vendors named a 2019 Gartner Peer Insights Customers' Choice for Endpoint Protection Platforms. The company said it's the second year in a row it received the top ranking. CrowdStrike said Gartner gave it a 4.9

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Los Angeles Auto Show 2019

SoCal Tech Calendar

Sunday, December 1, 2019 --.

8 Work Trends Driven By New Ventures And Competition

Startup Professionals Musings

The new era of highly connected and interactive technology is changing not only how business employees interact with customers, but also how they interact with each other, and with their company.

Frame.io Plans LA Space

L.A. Business Journal

New York-based video editing software developer Frame.io has raised a $50 million Series C round and will use part of the funding to gain a foothold in the L.A. market

Fullerton Set To Get Citywide Fiber In 2020

socalTECH

The city of Fullerton is getting set to have a new, city-wide fiber optic network , thanks to an effort with bandwidth provider SiFi Networks. According to SiFi Networks, it is funding, building and operating the city wide fiber optic network throughout the City of Fullerton, offering up every resident and business in the city an opportunity to sign up for fiber service. SiFi Networks said it expects customers to start receiving service early in the New Year.

Los Angeles Auto Show 2019

SoCal Tech Calendar

Saturday, November 30, 2019 --.

6 Hard Questions That Every Entrepreneur Must Answer

Startup Professionals Musings

As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network.

Fintech startup Altruist Raises $8.5 Million

L.A. Business Journal

Venice-based startup Altruist Corp. raised an $8.5 million Series A round

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Factual Adds New Loyalty Prediction Features

socalTECH

Los Angeles-based location data provider Factual says it has added a new feature which uses machine learning, to predict and target audiences based on expected loyalty and visitation patterns. According to Factual, its new Predictive Audiences and Loyalty Audiences uses visitation pattern anlysis to help marketers target audiences. The company said the new product includes more than 100 ready-to-use audience segments in every vertical, including auto, retail and QSR (quick serve restaurants).

Los Angeles Auto Show 2019

SoCal Tech Calendar

Friday, November 29, 2019 --.

10 Steps From A Closet Freak To A New Venture Founder

Startup Professionals Musings

Every culture and community puts pressure on its members to follow the norms. Even young people who start out wanting to be different are called “freaks,” and most are slowly bent back into the norm by the time they “grow up.”

PhoenixMD Adds Seed Funding to Test Experimental Breast Cancer Drug

Xconomy

Phoenix Molecular Designs, a biotech developing kinase inhibitors to treat cancer, has brought in an undisclosed amount of financing—boosting its total seed funding raised to $12 million.

Airgain Loses CFO

socalTECH

San Diego-based Airgain , a developer of antenna technology for the wireless networking market, has lost its CFO. According to Airgain, Anil Doradla, its CFO, will be leaving on November 30th "to pursue other opportunities". The company said its board of directors has launched an executive search for a replacement. Doradla has been at Airgain for less than two years. READ MORE>>. airgain wireless networking antenna technology network executive

inVia Robotics Enhances Robotic Warehouse Systems

socalTECH

Los Angeles-based inVia Robotics , which develops warehouse automation robots to help e-commerce companies with their operations, has enhanced its system, with a new product called inVia Connect, to help manage replenishment, cycle counting and returns. Pricing on the new product was not announced. inVia's warehouse robotics systems are used to help manage tasks like picking and sorting items in e-commerce warehouses, which are typically very manual and inefficient tasks.

Wag! Names New CEO

socalTECH

Los Angeles-based Wag! which offers up dog walking and boarding via its app, has named a new CEO, saying that it has appointed its current Vice President of Product, Partnerships, and Corporate Development at Wag Labs to its top post. According to Wag!, Garrett Smallwood will become CEO, and also join the company's board of directors. Prior CEO Hilary Schneider is leaving the company, to "pursue a new opportunity", according to the company. said the transition will happen on November 29th.

Vacos Aims At Smart Home, Security Camera Market

socalTECH

City of Industry-based Vacos , a startup which is aiming at the "smart home" market, said today that it has launched a new, battery-powered security camera--although, it appears the camera is not yet available. The company said its security camera costs $97 for a basic package, and includes artificial intelligence features. The camera does not appear to be immediately available, as the company said it is launching a crowdfunding campaign on Indiegogo alongside the launch of the camera.

TeleSign Wins Deal In France

socalTECH

Los Angeles-based mobile identity and authentication provider TeleSign reported on Tuesday that it has inked a partnership in France, with Bouygues Telecom. According to TeleSign, it will help Bouygues Telecom to protect its users from online fraud activities. Financial impact of the deal were not announced. TeleSign said the expansion of its services will help protect against such seurity issues as account takeover (ATO) through SIM swaps and synthetic identity fraud.

Kyriba Claims Growth in APAC

socalTECH

San Diego-based Kyriba , which develops cloud-based software for treasury and finance management, says it is seeing growth in the Asia Pacific region. According to Kyriba, it has doubled the number of clients it has in the region in the past 12 months. Financial details of that growth were not given by the company.

Instride CEO Joins JetBlue's Board

socalTECH

The CEO of Los Angeles-based InStride , Vivek Sharma, has been appointed to the board of directors of JetBlue , JetBlue said last week. InStride offers up enterprise education services to employers, helping them offer up degrees, certificates, and credentials to their employees from global universities. According to JetBlue, Sharma will serve as an independent director on JetBlue's board.

Frame.io Sets Up Shop In LA, After $50M Funding

socalTECH

Frame.io , which develops a video review and collaboration product used for content management, has raised $50M in a funding, and plans to set up an office in Los Angeles, the company said today. The startup--based in New York--said it raised a $50M, Series C funding round, from Insight Partners, Accel, FirstMark, SignalFire, and Shasta Ventures.

Hulu Hit By Major Outage On Sunday

socalTECH

Los Angeles-based streaming television service Hulu appears to have suffered a major outage on Sunday, prompting a rash of complaints on social media. It's unclear what the cause of the issue was, which mostly hit the Eastern half of the United States. It appears the outage lasted for at least 5-6 hours, based on messages sent by Hulu's support team on Twitter, although it appeared that those teams were still dealing with disappointed and annoyed customers on Sunday night.

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Inseego Powers 5G Hotspot For Vodafone Qatar

socalTECH

San Diego-based Inseego is powering a new, 5G hotspot device for Vodafone Qatar , the two companies announced today, rolling out the first, commercially available 5G mobile hotspot in Qatar and the region. The new 5G MiFi hotspot, the M1100, allows mobile phone owners to access 5G, even if their phones and devices are not 5G-enabled. The two said the new device is available at Vodafone Qatar stores, and are tied into Vodafone Qatar's Unlimited 5G Plans.

OpenGate Capital Sells Power Partners

socalTECH

Los Angeles-based private equity investor OpenGate Capital said this morning that it has sold one of its portfolio companies, Power Partners , to another private equity-backed company, Pioneer Transformers. Financial terms of the deal were not announced. Pioneer Transformers is backed by private equity investor Mill Point Capital. Power Partners is based in Athens, Georgia, and had approximately 370 employees.

MINDBODY Rolls Out New Wellness Index

socalTECH

San Luis Obispo-based MINDBODY , which develops an online platform used by the wellness industry for managing appointments, payments, and more for businesses in the fitness, beauty, grooming, spa, and other related wellness businesses, has rolled out a new "MINDBODY Wellness Index" , to rank the healthiest cities in the nation.

NINJIO SMB Debuts New Cybersecurity Awareness Tools

socalTECH

In an effort to help small businesses improve their cybersecurity, Los Angeles-based NINJIO , a startup offering up cybersecurity awareness training, says it has released a new library of Hollywood-style, animated "micro-learning" videos, which help businesses train their employees on cybersecurity topics. According to NINJIO, its videos--which are aimed at small businesses with less than 100 employees--offer up cybersecurity training as a month-to-month, subscription-based service.

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